From Meta and Twitter, to Salesforce and Amazon, the tech industry has been plagued by a wave of layoffs in recent months and thousands have lost their jobs.
"[This] can provide the ideal breeding ground for turnover contagion as the interviewing process and learning more about potential other employers is made easier for employees."According to Visier, smaller teams are most at risk of turnover contagion. For example, employees who work on teams of 3 to 5 are 12.1% more likely to resign after a team member quits, compared to 14.5% for teams of 6 to 10, said the study.
"Smaller teams may interact more frequently and get a better sense of each others' shared experiences of the working conditions, the organization as a whole or even management — and of course, each other's turnover intentions." Derler stressed that it's"easy to get carried away" when team members resign and she recommends doing a proper evaluation of one's own work situation before jumping the gun.Can I support my current employer's mission?Do I feel fairly compensated and can I see a future for me at this company?
While there are a multitude of personal, professional and economic reasons that can influence a person to quit, companies underestimate the impact that"one person's resignation can have on their peer's decision to leave or stay," the report added.
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